Energy News

Energy for blockchain products is one of the main topics of discussion for the development process of the cryptocurrency industry. As Bitcoin mining is very demanding in terms of energy usage and has become even harder to do over time, Bitcoin’s proof-of-work algorithm has been altered in other, less consuming algorithms for new cryptocurrencies. Bitcoin’s influence on the energy sector is hard to overestimate. Bitcoin energy consumption is currently taking more energy than most countries on the planet. This is not just the reason for the large profits in the energy industry but also a warning for the environment, as it is a threat to the climate with an amount of 20 megatons of CO2 emission per year. The reduction of the energy consumption for cryptocurrencies is also an important task as government environmental policies may become an obstacle for the blockchain industry.
"At some point Bitcoin mining will look like a utility, and it’s going to be a part of critical infrastructure for countries," said the Foundry Digital CEO.
Crypto mining will be a bridge to 100% renewable energy production, says Mike Colyer
Turner Wright
One of the group's long-term goals involves transitioning all of the world’s blockchains to 100% renewable energy by 2025.
Alliance of major firms aims to reduce crypto's carbon footprint
Turner Wright
U.K.-based Argo Blockchain just did record revenues, but a new report suggests 75% of Bitcoin mining still takes place in China, where “blood coin” is made.
UK Bitcoin mining revenues soar, but China hogs 75% of ‘blood coin’ production
Greg Thomson
“Blood coin,” “clean coin” and maybe even “virgin coin” will become commonplace phrases as Bitcoin’s environmental concerns continue to rage.
No ‘blood coin’ for Kevin O’Leary as investor takes stand on Bitcoin energy consumption
Greg Thomson
Market Analysis
Blockchain projects focused on optimizing the energy sector are gaining traction as greater emphasis is placed on conservation and efficiency.
Blockchain-based renewable energy marketplaces gain traction in 2021
Jordan Finneseth
Victoria Bitter has partnered with blockchain energy trading platform Power Ledger to allow customers to earn beer with surplus solar energy.
Australians can now exchange solar energy credits for beer with blockchain
Helen Partz
The U.S. should address the environmental problems of Bitcoin mining by providing its clean energy to set up mining hubs, Mayor Francis Suarez said.
90% of Bitcoin mining comes from ‘dirty energy,’ Miami mayor says
Helen Partz
Expert Take
The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies.
Africa’s solarized digitalization agenda in the time of coronavirus
Selva Ozelli

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